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WOLFERT

Active
Private limited companyfounded 1977active for 48 yearsVrijestraat 26, 9960 Assenede, BelgiumKBO/BCE: BE 0417.679.921
Summary

WOLFERT has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307,754 and a net result of -€1,273. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 62% of 34,263 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Equity
€307,754▼ 0.4%
2024 · €309,028
Total assets
€534,875▲ 2.2%
2024 · €523,332
Net result
-€1,273
2024 · €24,966
Working capital
€300,052▲ 0.6%
2024 · €298,279
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,046 2025 Net result-€1,273 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€13,005-€16,800▲ 29.2%€12,751▼ 24.1%€11,703▼ 8.2%€7,573▼ 35.3%€10,255▲ 35.4%€2,046▼ 80.0%
Net result€3,460-€14,369within the sector's middle half▲ 315%€6,764within the sector's middle half▼ 52.9%€12,024within the sector's middle half▲ 77.8%€5,668within the sector's middle half▼ 52.9%€24,966within the sector's middle half▲ 340%-€1,273below the sector's middle half
Equity€245,237-€259,606above the sector's middle half▲ 5.9%€266,370above the sector's middle half▲ 2.6%€278,394above the sector's middle half▲ 4.5%€284,061above the sector's middle half▲ 2.0%€309,028above the sector's middle half▲ 8.8%€307,754above the sector's middle half▼ 0.4%
Total assets€594,058-€610,080above the sector's middle half▲ 2.7%€626,554above the sector's middle half▲ 2.7%€513,920above the sector's middle half▼ 18.0%€524,380above the sector's middle half▲ 2.0%€523,332above the sector's middle half▼ 0.2%€534,875above the sector's middle half▲ 2.2%
Debt€348,821-€350,474▲ 0.5%€360,184▲ 2.8%€235,526▼ 34.6%€240,319▲ 2.0%€214,304▼ 10.8%€227,121▲ 6.0%
Working capital€246,808-€261,486above the sector's middle half▲ 5.9%€270,168above the sector's middle half▲ 3.3%€282,270above the sector's middle half▲ 4.5%€269,147above the sector's middle half▼ 4.6%€298,279above the sector's middle half▲ 10.8%€300,052above the sector's middle half▲ 0.6%
Solvency41.3%-42.6%within the sector's middle half▲ 1.3pp42.5%within the sector's middle half=54.2%within the sector's middle half▲ 11.7pp54.2%within the sector's middle half=59.1%within the sector's middle half▲ 4.9pp57.5%within the sector's middle half▼ 1.5pp
Current ratio1.71-1.75within the sector's middle half▲ 0.041.76within the sector's middle half▲ 0.012.22within the sector's middle half▲ 0.462.13within the sector's middle half▼ 0.092.41within the sector's middle half▲ 0.282.34within the sector's middle half▼ 0.07
Return on assets (ROA)0.6%-2.4%within the sector's middle half▲ 1.8pp1.1%within the sector's middle half▼ 1.3pp2.3%within the sector's middle half▲ 1.3pp1.1%within the sector's middle half▼ 1.3pp4.8%within the sector's middle half▲ 3.7pp-0.2%below the sector's middle half▼ 5.0pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €534,875
Fixed assets €10,191 ▼ 25.0%
Current assets €524,685 ▲ 2.9%
Equity and liabilities €534,875
Equity €307,754 ▼ 0.4%
Debt €227,121 ▲ 6.0%
Debt's share of the balance-sheet total rises from 40.9% to 42.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,446▼
2024 · €13,655
Cash flow
€2,127▼
2024 · €28,366
Quick ratio
2.33▼
2024 · 2.41
Debt to equity
0.74▲
2024 · 0.69
ROE
-0.4%▼
2024 · 8.1%
Interest coverage
39.95▼
2024 · over 100
Debt ≤ 1 year
€224,632▲
2024 · €211,462
Income taxes
€1,723▼
2024 · €6,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€523,332€534,875▲
Fixed assets21/28€13,591€10,191▼
Tangible fixed assets22/27€13,591€10,191▼
Plant, machinery and equipment23€13,591€10,191▼
Current assets29/58€509,741€524,685▲
Stocks and contracts in progress3€176€176=
Stocks30/36€176€176=
Amounts receivable within one year40/41€262,802€261,205▼
Trade receivables40€262,486€260,403▼
Other amounts receivable41€316€802▲
Current investments50/53€173,894€168,830▼
Cash at bank and in hand54/58€70,337€91,144▲
Deferred charges and accrued income490/1€2,532€3,329▲
Equity and liabilities
Total equity and liabilities10/49€523,332€534,875▲
Equity10/15€309,028€307,754▼
Contributions10/11€18,600€18,600=
Reserves13€290,428€290,428=
Non-distributable reserves130/1€3,099€3,099=
Reserves not available under the articles1311€3,099€3,099=
Tax-exempt reserves132€23,870€23,870=
Distributable reserves133€263,459€263,459=
Profit (loss) carried forward14--€1,273
Amounts payable17/49€214,304€227,121▲
Amounts payable within one year42/48€211,462€224,632▲
Trade debts44€22,202€27,028▲
Suppliers440/4€22,202€27,028▲
Taxes, remuneration and social security45€5,651€6,093▲
Taxes450/3€5,651€6,093▲
Other amounts payable47/48€183,609€191,512▲
Accrued charges and deferred income492/3€2,842€2,489▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,400€3,400=
Other operating charges640/8€1,057€1,387▲
Gross operating margin9900€14,712€6,833▼
Operating profit (loss)9901€10,255€2,046▼
Financial income75/76B€20,997€3,604▼
Recurring financial income75€2,731€3,604▲
Non-recurring financial income76B€18,266-
Financial charges65/66B€107€5,201▲
Recurring financial charges65€107€136▲
Non-recurring financial charges66B-€5,064
Profit (loss) for the period before taxes9903€31,145€449▼
Income taxes67/77€6,179€1,723▼
Profit (loss) for the period9904€24,966-€1,273▼
Profit (loss) for the period to be appropriated9905€24,966-€1,273▼
Appropriation of the result
Profit (loss) to be appropriated9906€24,966-€1,273▼
Transfer to equity691/2€24,966-
To other reserves6921€24,966-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,400€1,120--€9€3,400€3,400=
Other operating charges640/8---€1,108€1,172€1,057€1,387▲ 31.2%
Gross operating margin9900€15,626€18,568€14,127€12,811€8,754€14,712€6,833▼ 53.6%
Operating profit (loss)9901€13,005€16,800€12,751€11,703€7,573€10,255€2,046▼ 80.0%
Financial income75/76B---€7,177€2,294€20,997€3,604▼ 82.8%
Recurring financial income75€2,425€1,942€1,878€2,066€2,294€2,731€3,604▲ 31.9%
Non-recurring financial income76B---€5,111-€18,266--
Financial charges65/66B---€87€754€107€5,201▲ 4,783%
Recurring financial charges65€53€55€73€87€107€107€136▲ 28.0%
Non-recurring financial charges66B----€647-€5,064-
Profit (loss) for the period before taxes9903€3,591€14,498€14,556€18,793€9,113€31,145€449▼ 98.6%
Income taxes67/77€131€129€7,792€6,769€3,445€6,179€1,723▼ 72.1%
Profit (loss) for the period9904€3,460€14,369€6,764€12,024€5,668€24,966-€1,273▼ 105%
Profit (loss) for the period to be appropriated9905€3,460€14,369€6,764€12,024€5,668€24,966-€1,273▼ 105%
Line2019202020212022202320242025Change
Assets
Total assets20/58€594,058€610,080€626,554€513,920€524,380€523,332€534,875▲ 2.2%
Fixed assets21/28€1,120---€16,991€13,591€10,191▼ 25.0%
Tangible fixed assets22/27€1,120---€16,991€13,591€10,191▼ 25.0%
Plant, machinery and equipment23----€16,991€13,591€10,191▼ 25.0%
Current assets29/58€592,938€610,080€626,554€513,920€507,389€509,741€524,685▲ 2.9%
Stocks and contracts in progress3€264€264€264€264€176€176€176=
Stocks30/36---€264€176€176€176=
Amounts receivable within one year40/41€366,719€376,950€386,148€311,784€322,114€262,802€261,205▼ 0.6%
Trade receivables40---€311,381€316,914€262,486€260,403▼ 0.8%
Other amounts receivable41---€403€5,200€316€802▲ 154%
Current investments50/53€155,353€151,165€151,165€156,276€155,628€173,894€168,830▼ 2.9%
Cash at bank and in hand54/58€67,822€79,350€86,296€43,084€26,694€70,337€91,144▲ 29.6%
Deferred charges and accrued income490/1---€2,511€2,777€2,532€3,329▲ 31.5%
Equity and liabilities
Total equity and liabilities10/49€594,058€610,080€626,554€513,920€524,380€523,332€534,875▲ 2.2%
Equity10/15€245,237€259,606€266,370€278,394€284,061€309,028€307,754▼ 0.4%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600=
Contributions outside capital11---€18,600€18,600---
Other1109/19---€18,600€18,600---
Reserves13€226,637€241,006€247,770€259,794€265,461€290,428€290,428=
Non-distributable reserves130/1---€3,099€3,099€3,099€3,099=
Reserves not available under the articles1311---€3,099€3,099€3,099€3,099=
Tax-exempt reserves132---€23,870€23,870€23,870€23,870=
Distributable reserves133---€232,825€238,493€263,459€263,459=
Profit (loss) carried forward14-------€1,273-
Amounts payable17/49€348,821€350,474€360,184€235,526€240,319€214,304€227,121▲ 6.0%
Amounts payable within one year42/48€346,130€348,594€356,386€231,650€238,243€211,462€224,632▲ 6.2%
Trade debts44€24,068€18,284€19,906€26,122€58,819€22,202€27,028▲ 21.7%
Suppliers440/4---€26,122€58,819€22,202€27,028▲ 21.7%
Taxes, remuneration and social security45---€4,579€2,773€5,651€6,093▲ 7.8%
Taxes450/3---€4,579€2,773€5,651€6,093▲ 7.8%
Other amounts payable47/48---€200,950€176,651€183,609€191,512▲ 4.3%
Accrued charges and deferred income492/3---€3,876€2,076€2,842€2,489▼ 12.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€3,460€14,369€6,764€12,024€5,668€24,966-€1,273▼ 105%
+ Depreciation and write-downs630€1,400€1,120--€9€3,400€3,400=
Operating cash flow (approximation)€4,860€15,489€6,764€12,024€5,677€28,366€2,127▼ 92.5%
Investment in fixed assets (approximation)-----€0€0-
Change in cash-€11,529€6,946-€43,212-€16,390€43,643€20,807▼ 52.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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